Downsizing means moving from larger to smaller, resulting in more money and
less property. Typically, downsizers will want to buy their new home for 50
per cent of the sale price of their old one, according to George Cardale,
head of residential development sales at Savills. “They then use the other
50 per cent to pay off their mortgage, buy something abroad or give some to
the children,” he says. Here is how to do it best.

1 Choose the right property and have a clear idea of your long-term
goals. “We see many people who buy a property that